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the debt ceiling talks? >> the markets rallied at 5%. do not sell short-term perry ed >> the time is now 9:18 a.m.. we will get a little warmer today but it's still is a very cold start. >> oakland is in the lower 40's. concord is still cold at 34 degrees. little more this is a degree above the freezing mark perry at there is still a lot a cold spots in this morning. if this is especially alta the delta. we do have widespread 30's. it is clear and cold and we did have to watch out for some frost and black eyes. it will be a little milder today perry ed it will not be as frigid this afternoon. the major factor why it is colder today is because we do not have the wind. we do not have win it allows the temperatures to drop. >> here is your future cast forecast. but royal below states that will still be in the 40's and than by noon we will get into the '60s. this will change for the next couple of days. by 8:00 p.m. tonight you will notice that we do have blue which means will be in the 40's. tonight you will pr
the debt ceiling talks? >> the markets rallied at 5%. do not sell short-term perry ed >> the time is now 9:18 a.m.. we will get a little warmer today but it's still is a very cold start. >> oakland is in the lower 40's. concord is still cold at 34 degrees. little more this is a degree above the freezing mark perry at there is still a lot a cold spots in this morning. if this is especially alta the delta. we do have widespread 30's. it is clear and cold and we did have to watch...
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extension on the debt ceiling. and on a continuing resolution for the budget to run the government. is that one to three month solution not still on the table? >> well, larry, we're proposing a number of different solution, both short term and long term. frankly, president obama needs to start rolling up his sleeves and focusing on both instead of sitting over in the white house and kind of throwing out all the threats to everybody across the country and running around campaigning as if he's still running for office. you know, the election is over. president obama actually has to start governing and addressing the problems and frankly the spending problem is one of the biggest reasons right now why we're in this dilemma. >> you're still going full bore on the spending sequester? full bore, spending sequester? >> we need to address the spending problem in washington from many different fronts. that's one of those fronts. there are a lot of others. and again, president obama refuses to talk about any of them. he does
extension on the debt ceiling. and on a continuing resolution for the budget to run the government. is that one to three month solution not still on the table? >> well, larry, we're proposing a number of different solution, both short term and long term. frankly, president obama needs to start rolling up his sleeves and focusing on both instead of sitting over in the white house and kind of throwing out all the threats to everybody across the country and running around campaigning as if...
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faces a new deadline of potentially defaulting on its debt next month unless the debt ceiling can be increased. republicans have maintained their stance that any borrowing hike must be offset by slashing government spending. add is what does this conference on monday, obama called the republican demand unacceptable. >> republicans in congress have two choices. they can act responsibly and pay america's bills, or they can act irresponsibly of america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the u.s. is not a bargaining chip. >> the death toll from the syrian government airstrike on a northern town has reached at least 20 people in addition to around 100 wounded. the victims were gathered in the public market when syrian warplanes bombed them from the sky sunday. the group doctors without borders says the attacks followed earlier bombings of local health facilities, making it nearly impossible to adequate
faces a new deadline of potentially defaulting on its debt next month unless the debt ceiling can be increased. republicans have maintained their stance that any borrowing hike must be offset by slashing government spending. add is what does this conference on monday, obama called the republican demand unacceptable. >> republicans in congress have two choices. they can act responsibly and pay america's bills, or they can act irresponsibly of america through another economic crisis. but...
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short, three-month debt ceiling increase, with smaller amount of cuts all the way to multiyear, perhaps 4-year increase in the debt ceiling so long as it is accompanied by a major tax overhaul. and overhaul of the entitlement system. this on a day after fitch offered another warning saying a couple of things. one that the aaa credit score we have is at risk if there is another debt ceiling fight but republicans are focused at the part that says credible meaningful deficit reduction has to be part of this in order to keep the aaa credit score. house majority leader eric cantor responded to that with a statement saying, it's time for president obama to stop putting our credit rating at risk and acknowledge we need a credible deficit reduction plan attached to any increase in the debt limit. from the white house we heard from president obama yesterday at a news conference. he says that he is not discussing any negotiations in the debt ceiling. that if congress's responsibility to essentially allow him to pay for the bills that congress has already rang up. and from here he says he will dis
short, three-month debt ceiling increase, with smaller amount of cuts all the way to multiyear, perhaps 4-year increase in the debt ceiling so long as it is accompanied by a major tax overhaul. and overhaul of the entitlement system. this on a day after fitch offered another warning saying a couple of things. one that the aaa credit score we have is at risk if there is another debt ceiling fight but republicans are focused at the part that says credible meaningful deficit reduction has to be...
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out of money to pay the bills if congress does not raise the debt ceiling. president barack obama said we are not a dead beat nation and congress wants to pay its bills but we do not want to be tied to spending cuts. >> they have two choices they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. >> house speaker phil boehner indicated the gop is prepared for a fight and the consequences to fail to increase the debt ceiling are failing as well as allowing the spending problem to go unresolved. the concern is that if congress fails to act on the debt ceiling, the national economy could dip and that could likely have and i affect on california's budget numbers. >> the risk to our forecast numbers could come next month and that's what the federal government chooses to do or not to do regarding the debt ceiling. >> the budget released by governor jerry brown showed a budget surplus for the first time in many years. >>> right now it is 4:44 let's check in with sal on an early morning report o
out of money to pay the bills if congress does not raise the debt ceiling. president barack obama said we are not a dead beat nation and congress wants to pay its bills but we do not want to be tied to spending cuts. >> they have two choices they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. >> house speaker phil boehner indicated the gop is prepared for a fight and the consequences to fail to increase the...
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tic took on the debt ceiling dead line. a month left before the u.s. breeches the borrowing limit as you heard from steve. no agreement to raise it in sight. former senator alan simpson is here with me next. he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with busine
tic took on the debt ceiling dead line. a month left before the u.s. breeches the borrowing limit as you heard from steve. no agreement to raise it in sight. former senator alan simpson is here with me next. he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start...
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. >> reporter: house republicans see the debt ceiling deadline next month as one of the best ways early in the president's second term to force him to accept a new round of spending cuts and may have it on an incremental basis, one, two o three months and using that process to achieve more deficit reduction. >> former speaker of the house and republican presidential candidate newt gingrich. good morning mr. speaker. >> it's good to be with you. >> good to be with you. you say fighting over the debt ceiling is a bad idea for congressional republicans. why? >> because in the end it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side and the fact is republicans have two much bet ear renas to fight over spending they have a continuing resolution which funds government which comes up at the end of march and they have the sequester, which automatically cuts spending unless it's dealt with. those two fronts they c
. >> reporter: house republicans see the debt ceiling deadline next month as one of the best ways early in the president's second term to force him to accept a new round of spending cuts and may have it on an incremental basis, one, two o three months and using that process to achieve more deficit reduction. >> former speaker of the house and republican presidential candidate newt gingrich. good morning mr. speaker. >> it's good to be with you. >> good to be with you....
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start with the debt ceiling and how it came about. prior to world war i, everybody was paid. the debt we incurred was paid for through various bonds. world war i to world war ii, fdr got together with the treasury secretary and set let's put a debt ceiling op and they started to borrow money. that amount in 1949 was $45 billion. today, $16.4 trillion. that is 46,400% higher. between 1939 and 1980, we never exceeded $1 trillion in debt. now we push $17 trillion. the problem with the sound bite is president obama was the guy in 2006 that said i will not vote for you. he wouldn't vote for a debt ceiling increase. leadership means the buck stops here. that's why i won't vote for raising the debt creteing. that is senator, senator obama in 2006. he voted against raising the debt ceiling. calls it unpatriot i cannot to do it now. >> dana: president obama was called out on this before. saying it was unpatriotic and lack of leadership. that's why you would vote against it. now it's unpatriotic if the patriot act hold you to spending reduction to get the debt level raised. major garre
start with the debt ceiling and how it came about. prior to world war i, everybody was paid. the debt we incurred was paid for through various bonds. world war i to world war ii, fdr got together with the treasury secretary and set let's put a debt ceiling op and they started to borrow money. that amount in 1949 was $45 billion. today, $16.4 trillion. that is 46,400% higher. between 1939 and 1980, we never exceeded $1 trillion in debt. now we push $17 trillion. the problem with the sound bite...
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if house republicans really do something crazy with the debt ceiling, will they do that? ezra klein answers that question next. >>> and on the one-month anniversary of the sandy hook elementary school shootings, the nra has released a video. the same group that blamed the violent video games for the massacre in newtown. >>> and scott brown's political future, more observers saying he won't run for senate. and as i said, corey booker, who has announced his intention to run for senator in new jersey. the problem is he may have to run against fellow democrat and current senator franken lautenberg, as far as we can tell, they agree on just about everything. corey booker will answer steve kornacki's questions and will get tonight's last word. ♪ ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you missed a spot. ...i'll look back on this day and laugh. love. it's what makes a subaru, a subaru. . >>> so newark mayor cory booker has a problem, he wants to run for senate. the problem is there is currently an incumbent democratic senator in the seat he wants
if house republicans really do something crazy with the debt ceiling, will they do that? ezra klein answers that question next. >>> and on the one-month anniversary of the sandy hook elementary school shootings, the nra has released a video. the same group that blamed the violent video games for the massacre in newtown. >>> and scott brown's political future, more observers saying he won't run for senate. and as i said, corey booker, who has announced his intention to run for...
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as part of the fiscal cliff arrangement, and we have the infamous debt ceiling, which will come into play. so we will be seeing a lot of activity in the next few months, debates about people criticize the government, about the size of the deficit, and it a lot of back and forth over these three issues. without going into all the different ramifications, i want to say one word about the debt ceiling, which is not everybody understands what the debt ceiling is about. the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very imp
as part of the fiscal cliff arrangement, and we have the infamous debt ceiling, which will come into play. so we will be seeing a lot of activity in the next few months, debates about people criticize the government, about the size of the deficit, and it a lot of back and forth over these three issues. without going into all the different ramifications, i want to say one word about the debt ceiling, which is not everybody understands what the debt ceiling is about. the debt ceiling -- raising...
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president obama tells congress we're not a deadbeat nation, and they need to raise the debt ceiling now, so we can pay our bills on time. >> tom: i'm tom hudson. a sour day for apple investors. the stock tumbles to 11 month lows on new worries about waning demand for the iphone 5. >> susie: but a banner day for g.m., the cadillac ats takes car of the year at the big auto show in detroit, and its new corvette stingray wows gear heads around the globe. >> tom: that and more tonight on "n.b.r."! >> susie: the next big fight in washington has begun. president obama today called on republican lawmakers to authorize an increase in the nations debt limit, saying that messing with it could potentially have catastrophic results for many americans and the overall economy. he warned markets would go haywire if congress does not act, interest rates would rise, and checks to social security beneficiaries would stop. and he said even thinking about the u.s. not paying its bills is irresponsible and, "absurd". darren gersh reports. >> reporter: in his first news conference of the new year the presiden
president obama tells congress we're not a deadbeat nation, and they need to raise the debt ceiling now, so we can pay our bills on time. >> tom: i'm tom hudson. a sour day for apple investors. the stock tumbles to 11 month lows on new worries about waning demand for the iphone 5. >> susie: but a banner day for g.m., the cadillac ats takes car of the year at the big auto show in detroit, and its new corvette stingray wows gear heads around the globe. >> tom: that and more...
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so this becomes tricky for people tound, but essentially the debt ceiling, is it the kind of tool that anybody should be used in order to force people to be more austere in the way they spend in the future? >> well, it's a way to do it, but it's a very dangerous way to do it because we start playing with everybody in our economy eye lives. so if we hit the debt ceiling and we don't have a bill that changes it, when we hit somewhere around $16.4 trillion worth of gdebt, the government will have to stop spending because of the debt limit. because we take it a whole lot -- we spend a whole lot more money than we take in, the debt ceiling become as real issue pd at government has to stop spending about $100 billion a month. that means the government will have to lay off people and that will mean more unemployment and more pain for people. it also means the government won't be able to pay all 6 it bills and it may stop sending money to the businesses in the united states. some of whom could go bankruptcy because of it. >> critics have said you can list out all of the things that won't get p
so this becomes tricky for people tound, but essentially the debt ceiling, is it the kind of tool that anybody should be used in order to force people to be more austere in the way they spend in the future? >> well, it's a way to do it, but it's a very dangerous way to do it because we start playing with everybody in our economy eye lives. so if we hit the debt ceiling and we don't have a bill that changes it, when we hit somewhere around $16.4 trillion worth of gdebt, the government will...
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to raise the debt ceiling both now and in the future. that is the latest on what could happen over the debt ceiling. to be returning to all of you this morning. dave is a republican here in d.c. caller: i was just thinking that a lot of people really don't understand what this stuff means in the simplest terms. a lot of folks have not been to college and don't have really good grasp on anything that has to do with politics. it is important that they understand what this entails. when you go to a casino, you spend the money in your pocket. when you are out of that money, you have to go on a line of credit. what happens to us as gamblers if we run up too much of a line of credit, to wipe it clean or do we get in trouble? we are facing the same situation on the federal level. people need to understand this money does not grow on trees and we will essentially turn out like greece. host: jason is an independent in las vegas. caller: good morning. are like to say today that i did not go to college but i understand this very well. $12 trillion
to raise the debt ceiling both now and in the future. that is the latest on what could happen over the debt ceiling. to be returning to all of you this morning. dave is a republican here in d.c. caller: i was just thinking that a lot of people really don't understand what this stuff means in the simplest terms. a lot of folks have not been to college and don't have really good grasp on anything that has to do with politics. it is important that they understand what this entails. when you go to...
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. >> reporter: the debt ceiling deadline is just one of three budget showdowns the white house and congress face in the coming months. house speaker john boehner said if laws do not tackle the debt and spending at the same time, it will cost americans jobs. in a statement, senate minority leader mitch mcconnell said "the president and his allies need to get serious about spending." danielle nottingham, cbs news, the white house. >>> military suicides have reached record levels. so bad that the secretary of defense calls it an epidemic. the pentagon says there were 349 suicides among active duty personnel last year. that's more than the number of combat deaths in afghanistan. experts say iraq and afghanistan war veterans suffering from depression and post traumatic stress are at the highest risk. >>> secretary of state hillary clinton will testify next week about the deadly attack on the u.s. mission in libya. clinton will appear before the house foreign affairs committee. she had been scheduled to testify last month. that was canceled when she fell and suffered a concussion. four americans
. >> reporter: the debt ceiling deadline is just one of three budget showdowns the white house and congress face in the coming months. house speaker john boehner said if laws do not tackle the debt and spending at the same time, it will cost americans jobs. in a statement, senate minority leader mitch mcconnell said "the president and his allies need to get serious about spending." danielle nottingham, cbs news, the white house. >>> military suicides have reached record...
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now republicans have said and i asked the president about this you know, historically the debt ceiling because it oftentimes difficult to get votes in congress to pass a debt ceiling, has often been accompanied by fiscal or deficit reduction measures. back in the '80s, the '90s and even in president's presidency himself he has signed four laws raising debt ceiling. three were tied to some sort of fiscal management, legislation itself. but the president now says i'm tired of negotiating all those things, raised the debt ceiling and then i will get on with other conversations with you about dealing with the sequester, the across-the-board spending cuts and other budget related issues. but not until you take care of the debt ceiling and get that off the table. that was the president's principal message today and he got a lot of conversation about why not negotiate. he said he's to the going to. we'll leave it there at least for the time being. >> rose: what will the republicans do, will they shut down the government. >> no, not over the debt ceiling. they may over the continuing resolutio
now republicans have said and i asked the president about this you know, historically the debt ceiling because it oftentimes difficult to get votes in congress to pass a debt ceiling, has often been accompanied by fiscal or deficit reduction measures. back in the '80s, the '90s and even in president's presidency himself he has signed four laws raising debt ceiling. three were tied to some sort of fiscal management, legislation itself. but the president now says i'm tired of negotiating all...
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those revenues won't cover about 40% of government debt obligations for the month. the treasury would have to pick and choose between more than 100 million monthly payments to figure out which ones to cover. the only payment virtually guaranteed is the interest on our debt, which brings us to our next fact check. >> if congressional republicans refuse to pay americans' bills on time, social security checks and veterans benefits will be delayed. >> reporter: something social security payments may seem like a hostage in all of this but they don't have to be. the truth is social security has its own dedicated income stream with a reserve of trillions of dollars invested in u.s. treasury bonds. those bonds can be without raising our national debt. bottom line, the government chooses, social security checks can continue to flow. lastly, the president began his address with this declare tiff statement. >> raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. >> reporter: the stat
those revenues won't cover about 40% of government debt obligations for the month. the treasury would have to pick and choose between more than 100 million monthly payments to figure out which ones to cover. the only payment virtually guaranteed is the interest on our debt, which brings us to our next fact check. >> if congressional republicans refuse to pay americans' bills on time, social security checks and veterans benefits will be delayed. >> reporter: something social security...
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at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well. >> anxiety over the debt ceiling crisis? >> exactly. about getting principal back as ridiculous as it may sound. >> david, jump in here. feels like a slow volume day again. are people waiting on some of the banks earnings because tomorrow we've, of course, got some bigies? >> waiting on earnings, but earnings expectations are very low. i think 60% to 70% of stocks will beat their estimates this quarter, and i'm going to watch for guidance over the balance of the year, maria. now you'll have three guests here who are going to be favorably disposed to the market and that makes me a little bit nervous. n
at the end of 2011 the last time we had a debt ceiling issue we saw bill rates for four week bills and three-month bills start to move up. today we had a one-month bill auction, trading on at five basis points and the auction went off at 9.5 basis points and many are attributing to anxieties and rule 2a7 from the s.e.c. which gives you rules on what kind of time frames can you have with respect to holding in the money funds and a little bit of selling today may be from that group as well....
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earlier, at that white house news conference, the president called on congress to raise the debt ceiling so the country can pay its bills. >> we have to do something sensible and we shouldn't be doing this on a one to three- month time frame. why would we do that? this is the united states ofajor america, major.in we can't manage our affairs in our such a way that we pay our bills and provide certainty in terms of how we pay our bills. i don't think anybody would consider my position unreasonable here. >> pelley: speaker john boehner said the republican-controlled house will pass what he called "responsible legislation." but he said the american people do not support raising the debt ceiling without cutting government spending. we have learned tonight that former cycling champion lance armstrong is in discussions to return a part of the millions of dollars that his team received from the u.s. postal service. and he has indicated a willingness to testify against others involved in illegal doping. armstrong's u.s. postal sponsorship prohibited doping. last year armstrong was stripped of hi
earlier, at that white house news conference, the president called on congress to raise the debt ceiling so the country can pay its bills. >> we have to do something sensible and we shouldn't be doing this on a one to three- month time frame. why would we do that? this is the united states ofajor america, major.in we can't manage our affairs in our such a way that we pay our bills and provide certainty in terms of how we pay our bills. i don't think anybody would consider my position...
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as part of the fiscal cliff arrangement, and we had the infamous debt ceiling, which will come and play. so we will be seeing a lot of activity in the next few months, debates about the appropriate types of governments and the size of the deficit and a lot of back-and-forth over these issues. without going into all the different ramifications, i would like to say one word about the debt ceiling, which is not
as part of the fiscal cliff arrangement, and we had the infamous debt ceiling, which will come and play. so we will be seeing a lot of activity in the next few months, debates about the appropriate types of governments and the size of the deficit and a lot of back-and-forth over these issues. without going into all the different ramifications, i would like to say one word about the debt ceiling, which is not
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. >> tonight, congressman jim mcdermott's reaction to the president's tough talk on the debt ceiling. e.j. dion and ruth con connaught on whether the republicans will actually listen. >>> one month after sandy hook, he has the president's gun recommendations. >> will spineless republicans kill reform? one threats impeachment if the president signs an executive order on guns. dan gross of the brady campaign is here with reaction to the president's comments that the nra is joining up fear to sell guns. >>> and former secretary of state colin powell calls out republicans on race. >> there is also a dark -- a dark vein of intolerance in some parts of the party. >> dr. james peterson janes me to discuss the republican response. >> good to have you with us tonight, folks. thanks for watching. president obama took on the single greatest threat to the global economy today, the republican party. the president used the final news conference of his first term to throw down the gauntlet. after years of deliberate confusion by republicans, president obama set the record straight on the debt ceilin
. >> tonight, congressman jim mcdermott's reaction to the president's tough talk on the debt ceiling. e.j. dion and ruth con connaught on whether the republicans will actually listen. >>> one month after sandy hook, he has the president's gun recommendations. >> will spineless republicans kill reform? one threats impeachment if the president signs an executive order on guns. dan gross of the brady campaign is here with reaction to the president's comments that the nra is...
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. >> -- open to a one-to-three- month extension to the debt ceiling -- whatever congress sends you, you're okay with it? >> no, not whatever congress sends me. they're going to have to send me something that's sensible. and we shouldn't be doing this -- >> -- and we shouldn't be doing this on a one to three-month timeframe. why would we do that? this is the united states of america, major. what, we can't manage our affairs in such a way that we pay our bills and we provide some certainty in terms of how we pay our bills? look, i don't think anybody would consider my position unreasonable here. i have -- >> but why does it presuppose the need to negotiate and talk about this on a daily basis? because if default is the biggest threat to the economy, why not talk about it -- >> major, i am happy to have a conversation about how we reduce our deficits. i'm not going to have a monthly or every-three-months conversation about whether or not we pay our bills. because that in and of itself does severe damage. even the threat of default hurts our economy. it's hurting our economy as we speak. we sh
. >> -- open to a one-to-three- month extension to the debt ceiling -- whatever congress sends you, you're okay with it? >> no, not whatever congress sends me. they're going to have to send me something that's sensible. and we shouldn't be doing this -- >> -- and we shouldn't be doing this on a one to three-month timeframe. why would we do that? this is the united states of america, major. what, we can't manage our affairs in such a way that we pay our bills and we provide...
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to raise the debt ceiling and two-thirds of the republican caucuses voted for this. they want to send a message that they really, really needed it, that they want to cut spending for every doll they put out there, even on disaster relief, which historically has not been required to have an offset. >> and definitely has ruffled feathers in the last congress. all of our viewers i'm sure will rememb how new jersey governor chris christie didn't hold back in showing how angry he was at congress, the house, and specifically speaker boehner when the vote was delayed last time. listen to him. this is on january 2nd. >> new jersey deserves better than the due police tea we saw displayed last night. america deserves better than just another example of a government that has forgotten who is the to serve and why. 66 days and counting. shame on you. shame on congress. >> when you listen to that and when you listen to the house floor and sound bites before , s what you're saying why speaker boehner did what he did in the very beginning of january? >> reporter: absolutely. he took
to raise the debt ceiling and two-thirds of the republican caucuses voted for this. they want to send a message that they really, really needed it, that they want to cut spending for every doll they put out there, even on disaster relief, which historically has not been required to have an offset. >> and definitely has ruffled feathers in the last congress. all of our viewers i'm sure will rememb how new jersey governor chris christie didn't hold back in showing how angry he was at...
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first, we know we are approaching the debt ceiling. second, sequestration will go into effect in two months, and third, funding for the government will expire march 27. these are opportunities to make real changes in spending. i'm excited to be representing indiana's fifth district and i'm ready to get to work. there is no decision, no reason, we need to wait until the 11th hour to start talking about the tough decisions we must make for the future of our country. it is time we commit to saving these important programs. for those who need them -- saving these programs for those who need them and getting our economic house in order for the future generations of my children and my grandchildren, and our clint's children and grandchildren. let this 113th congress that chose to tackle real problems instead of handing them down to our chern. let's embrace solutions that can set us on a path to a more sustainable future. >> my thanks to the dwisht gentlelady. i now recognize -- mr. messer: i recognize the gentlelady from south bend. my condo
first, we know we are approaching the debt ceiling. second, sequestration will go into effect in two months, and third, funding for the government will expire march 27. these are opportunities to make real changes in spending. i'm excited to be representing indiana's fifth district and i'm ready to get to work. there is no decision, no reason, we need to wait until the 11th hour to start talking about the tough decisions we must make for the future of our country. it is time we commit to saving...
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. >> reporter: the debt ceiling deadline is just one of three budget showdowns the white house and congress face in the coming months. house speaker john boehner said if lawmakers don't tackle the debt and spending at the same time it will cost jobs. in a statement, senate majority leader mitch mcconnell said the president and his allies need to get serious about spending. president obama also addressed the possibility of new gun legislation. >> if there is a step we can take that will save even one child from from what happened in newtown, we should take that step. >> reporter: the president has seen recommendations from vice president joe biden's gun violence task force and plans to lay out action he will take to curb gun violence later this week. danielle nottingham, cbs news, the white house. >>> if your boss offered you more money would you refuse? why a bay area fire chief denied a pay raise. >> and how berries can help women fight heart disease. >>> good evening to you, meteorologist paul deanno live along the embarcadero. cold outside already. freezing for many of you tonight. but a
. >> reporter: the debt ceiling deadline is just one of three budget showdowns the white house and congress face in the coming months. house speaker john boehner said if lawmakers don't tackle the debt and spending at the same time it will cost jobs. in a statement, senate majority leader mitch mcconnell said the president and his allies need to get serious about spending. president obama also addressed the possibility of new gun legislation. >> if there is a step we can take that...
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, what works. >> one month after the shooting at newtown it is time to come up with action. >> we to have answers. >> he will announce his specific plan within days. the possible gun proposals and could they actually become law? plus the lance armstrong interview. he's denied he doped for years. >> sick and tired of these allegations. they are absolutely untrue. >> the support gave him the boot. >> lance armstrong has no place in cycling. >> now and for the first time lance armstrong says he's opening up about what really happened. >>> and hundreds of people hunting giant snakes. >> the species of the day is ber mes python. >> i have a machete and side arm. >> man verses python in the florida everglades. >> breaking news with lance armstrong. first president obama still supports an assault weapons ban. he admits it may not make it through congress. the president head a news conference and said the ban is one idea he is considering after a list of recommendations from joe biden. it includes legislative proposals and by himself using his presidential powers without the congress. he put
, what works. >> one month after the shooting at newtown it is time to come up with action. >> we to have answers. >> he will announce his specific plan within days. the possible gun proposals and could they actually become law? plus the lance armstrong interview. he's denied he doped for years. >> sick and tired of these allegations. they are absolutely untrue. >> the support gave him the boot. >> lance armstrong has no place in cycling. >> now and for...
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. >> tom: federal reserve chairman ben bernanke echoed the president's comments on the debt ceiling today, in a speech at the university of michigan, he said congress has to take action to avoid a situation where our government doesn't pay its bills. ahead of that, stocks were mixed, the blue chip dow rose almost 19 points, while the nasdaq dropped eight, and the s&p 500 down a point. >> susie: weighing on the nasdaq today: apple. the stock got crushed, on word demand for the iphone 5 is slipping. the stock closed just shy of $502, losing almost 4%. in pre-market trading the shares briefly fell below $500, the first time in nearly a year. suzanne pratt reports. >> reporter: apple has been taking a big bruising. first, it was the earnings miss for the september quarter, the second straight. then, there's been growing speculation the tech innovator is losing its edge to competitors, particularly samsung with its popular galaxy smartphone. finally, today there were reports apple dramatically cut orders for iphone 5 components, due to weak demand. to be sure, apple has not confirmed soft sale
. >> tom: federal reserve chairman ben bernanke echoed the president's comments on the debt ceiling today, in a speech at the university of michigan, he said congress has to take action to avoid a situation where our government doesn't pay its bills. ahead of that, stocks were mixed, the blue chip dow rose almost 19 points, while the nasdaq dropped eight, and the s&p 500 down a point. >> susie: weighing on the nasdaq today: apple. the stock got crushed, on word demand for the...
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and what the federal government chooses to do or not to do regarding the debt ceiling. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits against pg & e are for the deadly san bruno explosion will go to trial. during a hearing in san mateo county superior court today, attorneys said they have come up with a process that should take about 90 days to settle the remaining legal claims. about 320 residents filed suit, and so far mediation efforts have netted settlements for some 120 plaintiff. >>> family members and politicians are calling for more resources to prevent military suicide as the number of suicides last year surged. numbers obtained from the pentagon show there were 349
and what the federal government chooses to do or not to do regarding the debt ceiling. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if...
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ceiling that -- that will air in about a month. you know the scary thing about it, you guys, is the idea there may be government month by month as they pass resolutions and as this -- struggle continues. both sides really hunkering down, i think, for something that almost seems unsolvable. and how we got there, i think, is central thesis of our film tonight and the thing we should all be -- i think extremely worried about. >> michael, good morning. harold ford. you talk about health care and how and what the president learned and decided to go forward in the face of some opencism withopen s -- openciopposition. what do you think show took from that experience that applied or maybe not applied in the grand bargain experience? >> it is a funny thing about the health care debate. you know, we were in the middle, as we all remember, of an economic crisis. cataclysm maybe and his chief of staff recaomney he manual and others said it is enough to solve the economy. obama says in our film, you know, i'm not going to just sit back and rest
ceiling that -- that will air in about a month. you know the scary thing about it, you guys, is the idea there may be government month by month as they pass resolutions and as this -- struggle continues. both sides really hunkering down, i think, for something that almost seems unsolvable. and how we got there, i think, is central thesis of our film tonight and the thing we should all be -- i think extremely worried about. >> michael, good morning. harold ford. you talk about health care...
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and what the federal government chooses to do or not to do regarding the debt ceiling. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits against pg & e are for the deadly san bruno explosion will go to trial. during a hearing in san mateo county superior court today, attorneys said they have come up with a process that should take about 90 days to settle the remaining legal claims. about 320 residents filed suit, and so far mediation efforts have netted settlements for some 120 plaintiff. >>> family members and politicians are calling for more resources to prevent military suicide as the number of suicides last year surged. numbers obtained from the pentagon show there were 349
and what the federal government chooses to do or not to do regarding the debt ceiling. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if...
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. >> reporter: if washington fails to act on the debt ceiling the national economy could -- [no audio] >> reporter: because of the potential risks to our state budget that is one reason they say they want to create that $1 billion reserve and where the budget stands, that will be better known in may when we will know if the surplus has grown. ken pritchett, ktvu channel 2 news. >>> 49er fans are looking forward to a huge game this weekend. if they win they will go to their 6th super bowl. saturday night the 9ers destroyed the packers and a lot of fans are confident they will do well against the falcons. the championship game is sunday in the georgia dome and fans are optimistic even though the last time the 49ers won a road plaintiff game was 24 years ago. >> it is exciting wherever they win. there, here, no matter what it is still great. >> 49ers gear is selling fast. we checked with sf sports in san francisco, they say they are completely sold out of colin kaepernick jerseys. ktvu channel 2 news will have coverage of the championship game on sunday at 9:30 a.m. with championship pla
. >> reporter: if washington fails to act on the debt ceiling the national economy could -- [no audio] >> reporter: because of the potential risks to our state budget that is one reason they say they want to create that $1 billion reserve and where the budget stands, that will be better known in may when we will know if the surplus has grown. ken pritchett, ktvu channel 2 news. >>> 49er fans are looking forward to a huge game this weekend. if they win they will go to their...
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president obama tells congress we're not a deadbeat nation, and they need to raise the debt ceiling now, so we can pay our bills on time. >> tom: i'm tom hudson. a sour day for apple investors. the stock tumbles to 11 month lows on new worries about waning demand for the iphone 5. >> susie: but a banner day for g.m., the cadillac ats takes car of the year at the big auto show in detroit, and its new corvette stingray wows gear heads around the globe. >> tom: that and more tonight on "n.b.r."! >> susie: the next big fight in washington has begun. president obama today called on republican lawmakers to authorize an increase in the nations debt limit, saying that messing with it could potentially have catastrophic results for many americans and the overall economy. he warned markets would go haywire if congress does not
president obama tells congress we're not a deadbeat nation, and they need to raise the debt ceiling now, so we can pay our bills on time. >> tom: i'm tom hudson. a sour day for apple investors. the stock tumbles to 11 month lows on new worries about waning demand for the iphone 5. >> susie: but a banner day for g.m., the cadillac ats takes car of the year at the big auto show in detroit, and its new corvette stingray wows gear heads around the globe. >> tom: that and more...
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government will run out of money to pay its bills if congress does not raise the debt ceiling. president barack obama said congress needs to pay its bills but republicans want any bills paid to be tied to spending cuts. >> they have two choices, they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. >>> and the gop is prepared for a fight saying quote, the consequences of failing to increase the debt ceiling are real, but so too are allowing our spending problem to go unresolved. >>> convenience stores will be busy today. people want to hit the new jackpot drawing, an estimated $62 million. on friday, somebody in orange veil matched all five mumps minus the mug did he -- five numbers minute news the meganumber giving them a $250,000 pay day. >>> it is almost every wear and as a -- everywhere and as a matter of fact looking at highway 4 traffic is slowing down from bay point to concord. traffic is mostly slow and the only good news is we have not had any major crashes but we have had our share of slow traff
government will run out of money to pay its bills if congress does not raise the debt ceiling. president barack obama said congress needs to pay its bills but republicans want any bills paid to be tied to spending cuts. >> they have two choices, they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. >>> and the gop is prepared for a fight saying quote, the consequences of failing to increase the debt ceiling...
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government will run out of money to pay its bills if congress does not raise the debt ceiling. president barack obama will not negotiate with congress on this issue. while republicans want any increase in the debt ceiling to be tied to spending cuts... >> the issue here is whether or not america pays its bills. we are not attend beat nation and so -- there is a very simple solution to this. >> now in a statement, house speaker phil boehner indicated the republican party is prepared for a fight and the consequences of increasing the debt ceiling are real but so too is the consequences of allowing our spending problem to go unresolved. >>> they are closely watching this debt ceiling battle in washington and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us
government will run out of money to pay its bills if congress does not raise the debt ceiling. president barack obama will not negotiate with congress on this issue. while republicans want any increase in the debt ceiling to be tied to spending cuts... >> the issue here is whether or not america pays its bills. we are not attend beat nation and so -- there is a very simple solution to this. >> now in a statement, house speaker phil boehner indicated the republican party is prepared...
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and even though his opening statement was all about the debt ceiling, the first question he got from the press today was about guns. >> the vice president and number of members of my cabinet went through a very thorough process over the last month, meeting with a lot of stakeholders in this, including the nra. listened to proposals from all quarters, and they've presented me now with a list of sensible common sense steps that can be taken to make sure that the kinds of violence we saw at newtown doesn't happen again. i'm going to be meeting with the vice president today. i expect to have a fuller presentation later in the week to give people some specifics about what i think we need to do. my starting point is not to worry about the politics. my starting point is to focus on what makes sense, what works. what should we be doing to make sure that our children are safe. >> the president and his press conference today didn't announce this as if it were news, but this is news what he just said. remember, when president obama asked joe biden to head up this effort looking at potential ref
and even though his opening statement was all about the debt ceiling, the first question he got from the press today was about guns. >> the vice president and number of members of my cabinet went through a very thorough process over the last month, meeting with a lot of stakeholders in this, including the nra. listened to proposals from all quarters, and they've presented me now with a list of sensible common sense steps that can be taken to make sure that the kinds of violence we saw at...
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the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts. >>> oakland police investigating a shooting that seriously injured one man. it happened about 8:00 last night on crest avenue. neighbors say they heard about 30 rounds from what sounded likes an automatic assault rifle. the victim ran. he was taken to the hospital in critical but stable condition. so far no arrests have been made. >>> well, oakland's police chief and the mayor, they are working now to stop the surge in violence. 11 people were wounded in shootings over the weekend, six people have been killed so far this year. the police are blaming a lot of the violence on a feud between rival gangs. it started when a y
the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts....
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there's perhaps, also, a strategic reason, submitting that in the middle of the debt ceiling fight could throw a wildcard into the negotiations. so we'll have to see, but definitely not coming by february 4th when it's due. >> host: all right. erik wasson, thank you for laying out all the budget battles to come. thank you. >> guest: thank you. >> and the u.s. house is in session right now debating the rules for the hurricane sandy aid bill. votes starting shortly. live coverage of that on our companion network, c-span. also a short time ago white house spokesman jay carney revealed that president obama will unveil his gun violence proposals at 11:45 tomorrow morning at the white house. we'll have coverage of that on the c-span networkings. again, that will be tomorrow. and a quick reminder that coming up in about 20 minutes we'll go back to the brookings institution for more from a conference on job creation, innovation and improving government performance. that'll be live at 1:30 eastern here on c-span2. >>> right now, though, house democratic leaders this morning called on republicans
there's perhaps, also, a strategic reason, submitting that in the middle of the debt ceiling fight could throw a wildcard into the negotiations. so we'll have to see, but definitely not coming by february 4th when it's due. >> host: all right. erik wasson, thank you for laying out all the budget battles to come. thank you. >> guest: thank you. >> and the u.s. house is in session right now debating the rules for the hurricane sandy aid bill. votes starting shortly. live...
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. >> urging action, president obama, bernanke and geithner all say not raising the debt ceiling will cause irreparable harm to the u.s. economy. >>> and burberry said growth came in at 2.7%. it was 3% the year before. >>> dell has been in talk wes several private equity firms in recent months about a possible buyout. >>> and burberry's third quarter revenue beats forecasts. h & m's top december sales estimates. >> you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. if you just joined us, particularly stateside, welcome to the start of your global traiting day. bank of england officials including the governor former vin king just started a testimony in front of the treasury select committee on the bank's latest financial stability report. these are on westminster, the pictures. first, kelly, let's bring you up to speed what we're calling the u.s. open right now. >> that's right. the dow jones industrial average, the fass dak trying to add a little bit here at the open. the s&p, though, at this point roughly flat. now, this follows a mi
. >> urging action, president obama, bernanke and geithner all say not raising the debt ceiling will cause irreparable harm to the u.s. economy. >>> and burberry said growth came in at 2.7%. it was 3% the year before. >>> dell has been in talk wes several private equity firms in recent months about a possible buyout. >>> and burberry's third quarter revenue beats forecasts. h & m's top december sales estimates. >> you're watching "worldwide...
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on monday president obama warned that if congress doesn't raise the debt ceiling, the nation will face serious repercussions. >>> new information on the death of screen legend natalie wood and why the coroner changed her death certificate 30 years later. initially ruled an accidental drowning, the new coroner's report lists woods 1981 death as undetermined after finding bruising on her body that occurred before she entered the water. exactly how wood ended up drowning in the water off her husband robert wagner's yacht is still a mystery. >>> number of u.s. military suicides last year was apparently the highest since the pentagon began closely tracking them in 2001. officials say 239 service members took their own lives and another 110 suspected suicides remain under investigation. if the suspected suicides are confirmed the total would be 349, up from 301 the year before. however, officials note the military suicide rate is still below the national average for civilians. >>> supreme court justice clarence thomas has finally broken his silence. justice thomas had not said a word in near
on monday president obama warned that if congress doesn't raise the debt ceiling, the nation will face serious repercussions. >>> new information on the death of screen legend natalie wood and why the coroner changed her death certificate 30 years later. initially ruled an accidental drowning, the new coroner's report lists woods 1981 death as undetermined after finding bruising on her body that occurred before she entered the water. exactly how wood ended up drowning in the water off...
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ceiling is averted. david joins us now live from london. david, good afternoon to you. what exactly are you saying that, that the aaa rating is on negative watch? at what point? >> well, we move on a negative watch, if we have effectively a repeat of the august 2011 debt ceiling crisis. as we approach the point where the federal government essentially runs out of cash and is not able to meet its obligations, the rating is going to go on watch. and the outcome of that watch is quite likely end up being a downgrade. >> just to be clear, there is a line in the diary which you put the united states on negative watch? >> well, we think that on current projections as provided by the sufficient treasury department, the federal government will essentially exhaust its cash resources by the end of february. if we have a situation where we're approaching the end of february and it looks as if we're going to run up against that debt line, then we will place the u.s. rating under watch. >> i'm not clear what exactly
ceiling is averted. david joins us now live from london. david, good afternoon to you. what exactly are you saying that, that the aaa rating is on negative watch? at what point? >> well, we move on a negative watch, if we have effectively a repeat of the august 2011 debt ceiling crisis. as we approach the point where the federal government essentially runs out of cash and is not able to meet its obligations, the rating is going to go on watch. and the outcome of that watch is quite likely...